By Shawn Lim
Mumbrella Asia has announced it will close its Singapore office in the next few days after failing to achieve profitability in the six and a half years it has operated in the country.
The closure was announced in a letter by the marketing trade publication’s founder and content director Tim Burrowes that was published on Mumbrella Asia’s website.
In his letter, Burrowes revealed that the decision was made after the Singapore failed to achieve all three major sources of revenue around advertising, ticket sales and sponsorship, which he claimed the publication had managed to achieve in Australia.
Burrowes also suggested that publication failed Read full story ›
Source: The Drum